Julio buys a kio fishpond land. Fish to put in it) for his wife on their anniversary. He pays $8000 for the pond and the fish with $12000 down. The dealer adds unterest of 3.5% per year, and Julio agrees. to pay the loan with 36e equal. monthly payments. Use the informates answer the following questions. on to 1. Find the total amount of interst he will pay. 2. Find the monthly payment.
Julio buys a kio fishpond land. Fish to put in it) for his wife on their anniversary. He pays $8000 for the pond and the fish with $12000 down. The dealer adds unterest of 3.5% per year, and Julio agrees. to pay the loan with 36e equal. monthly payments. Use the informates answer the following questions. on to 1. Find the total amount of interst he will pay. 2. Find the monthly payment.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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